U.S. Must Now Implement Glass-Steagall & LaRouche's Four Laws; Join With BRICS to Replace the British Empire's Atrocities

July 29, 2014 • 8:58PM

With the momentum coming off the HCR 105 victory in the U.S. House of Representatives last week, the United States must now go full steam ahead for the passage and implementation of Glass- Steagall, Lyndon LaRouche said today. The principle of Constitutional authority, above and beyond partisan issues, has been restated; now it must be fully reestablished, and quickly so.

Reinstating Glass-Steagall starts to address the deeper problem we face, LaRouche elaborated: The economy of the US is non-functional. LaRouche stated:"My Four Laws, and nothing else but those Four Laws, are what makes things work." The U.S. no longer has a system of political economy to rely on. The Four Laws solve that problem and secure the USA and our relationship to the rest of the world, he said.

That relationship means building a new international economic order, based on a scientific measurement of real value: the development of the productive powers of labor, with attendant leaps in the energy flux density of the productive process. LaRouche has called for an international conference to be held to discuss such matters in depth. The BRICS nations, in alliance with the solid bloc of South American countries, have taken the first steps to launch a new financial order, based on principles totally hostile to those of the reigning British Empire. These are two systems which cannot long coexist on this planet.

The British Empire's response to the breakdown crisis of their trans-Atlantic system, has been to threaten to launch financial as well as military nuclear war against Russia—a policy as dangerous as it is crazy. For example, the City of London's Financial Times Deutschland yesterday published a frothing article by Walter Muenchau, threatening that "we can crush the Russian economy in weeks" by denying them access to the international payments system. "Payment systems are the atomic bombs of financial warfare," he wrote.

Similarly, yesterday's decision by The Hague arbitration court to fine the Russian government a stunning $51.5 billion for the Rosneft takeover of Yukos oil company, is another act of desperate financial warfare. As Ambrose Evans-Pritchard put it in the Daily Telegraph: Russia's "refusal to pay will at some point become a sovereign default." No one should miss the parallel with Argentina, that London and Wall Street are also trying—unsuccessfully—to drive into default and submission.

So things are not so simple for the British. With the steps taken by the BRICS and allies, there are now "two games in town," not one—a fact noted explicitly by sane voices in Europe who are opposed to the EU's new round of sanctions against Russia, at Obama's insistence. Congress must act now, before it recesses, to impeach Obama and adopt Glass-Steagall legislation. With the United States joining that new international arrangement with Glass-Steagall and LaRouche's Four Laws, the British Empire's game can be put entirely out of business.